HELLER FINANCIAL INC
424B3, 1996-09-23
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                                Rule 424(b)(3)
                                                File No. 33-62479


Pricing Supplement No. 15                       Dated: September 18, 1996
(To Prospectus dated October 6, 1995
Prospectus Supplement dated October 17, 1995)



U.S.$2,500,000,000

HELLER FINANCIAL, INC.

MEDIUM-TERM NOTES, SERIES G

(REGISTERED NOTES - FLOATING RATE)
DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE

Principal Amount: $50,000,000                   Issue Price: 100%

Original Issue Date:  September 23, 1996        Stated Maturity Date: August 20,
                                                  1999

Form: [X] Book-Entry  [ ] Certificated

Depositary: Depository Trust Company

Specified Currency:  U.S. Dollars
  (If other than U.S. Dollars, see attached)

Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
  (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations:
  (Applicable only if Specified Currency is other than U.S. Dollars)

Base Rate: [ ] Commercial Paper Rate [X] LIBOR [ ] Treasury Rate
  [ ] Federal Funds Rate [ ] Prime Rate [ ] Other: Fixed
 
Interest Reset Period: Quarterly

Interest Payment Period: Quarterly

Interest Reset Dates: (If other than as specified in the Prospectus Supplement):
The 20th day of each November, February, May and August, of each year, beginning
November 20, 1996, up to but excluding the Stated Maturity Date.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) The 20th day of each November, February, May and August, of each
year, beginning November 20, 1996, up to and including the Stated Maturity Date.
<PAGE>

                                                      Rule 424(b)(3)
                                                      File No. 33-62479

Pricing Supplement No. 15                             Dated: September 18, 1996
(To Prospectus dated October 16, 1995
Prospectus Supplement dated October 17, 1995)


Interest Determination Date(s): Two London Banking Days prior to each Interest
Reset Date.

Initial Interest Rate:  5.775%

Index Maturity:  N/A

Day Count Convention:  Act/360

Maximum Interest Rate:  N/A                           Minimum Interest Rate: N/A

Spread (+/-):  .15%                                   Spread Multiplier: N/A

Optional Redemption: [ ] Yes [X] No
     Initial Redemption Date:
     The Redemption Price shall initially be % of the principal amount of the
     Note to be redeemed and shall decline at each anniversary of the Initial
     Redemption Date by % of the principal amount to be redeemed until the
     Redemption Price is 100% of such principal amount.

Optional Repayment: [ ] Yes [X] No
     Optional Repayment Dates:
     Optional Repayment Prices:

Repayment Provisions:
     (If other than as specified in the Prospectus Supplement)

Discount Note: [ ] Yes [X] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period OID:
Calculation Agent: Heller Financial, Inc.
Exchange Rate Agent:  N/A
Recognized Foreign Exchange Dealers:  N/A
Discount or Commission:  .15%

Other Provisions:  a)  AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT
                       NO. 15 UNDER MTN-SERIES G PROGRAM: $360,800,000.00
                   b)  CUSIP #42333HFY3

Agent:  Lehman Brothers
        Three World Financial Center
        12th Floor
        New York, New York 10285


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